Investors with a lot of money to spend have taken a bearish position iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) WING.
And retailers should know this.
We noticed this today when the trades appeared in the publicly available options history that we track here at Benzinga.
Whether these are institutions or simply wealthy individuals, we do not know. But when something this big happens with WING, it often means someone knows something is coming.
So how do we know what these investors just did?
Today, Benzinga’s options scanner spotted 20 unusual options trades for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist).
This is not normal.
The general sentiment of these large traders is split between 40% bullish and 60%, bearish.
Of all the special options we discovered, 15 are puts, for a total amount of $1,796,707, and 5 are calls, for a total amount of $210,768.
Expected price targets
Analyzing the volume and open interest in these contracts, it appears that large traders have been observing a price window between $90.0 and $400.0 for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) during the last quarter.
Trends in volumes and open interests
In terms of liquidity and interest, the average open rate for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) options trading today is 404.9 on total volume of 2,809.00.
In the chart below, we are able to follow the development of volume and open interest of call and put options for big money trades of the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) within a range of strike price between $90.0 and $400.0. in the last 30 days.
iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) Options volume and open interest over the last 30 days
Noteworthy options activities:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WING | PUT | TRADE | BULLISH | 09/20/24 | $330.00 | $810.0K | 575 | 226 |
| WING | PUT | SWEEP | BULLISH | 03/15/24 | $350.00 | $234.0K | 1.2K | 212 |
| WING | PUT | SWEEP | NEUTRAL | 03/15/24 | $350.00 | $172.7K | 1.2K | 648 |
| WING | CALL | SWEEP | BEARISH | 01/17/25 | $400.00 | $94.9k | 350 | 25 |
| WING | PUT | TRADE | BEARISH | 03/15/24 | $350.00 | $75.5K | 1.2K | 212 |
About iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)
Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in delicious bone-in and boneless chicken wings, chicken tenders, french fries and, most recently, chicken sandwiches. The company’s footprint has grown rapidly since its inception, reaching more than 2,200 global stores by the end of 2023, making Wingstop the 31st largest restaurant brand in the United States by system sales, according to Euromonitor data. With a 98% franchise model, Wingstop generates the lion’s share of its revenue from franchise royalties and advertising fees, with the rest coming from a small footprint of company-owned stores.
In light of the recent options history for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), it is now appropriate to focus on the company itself. Our goal is to explore its current performance.
Current market position of iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)
- With volume of 612,182, WING price fell -0.42% to $352.5.
- RSI indicators suggest that the underlying stock may be approaching overbought.
- The next earnings are expected to be released in 51 days.
What experts say about iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist)
Over the past month, 5 experts have issued ratings on this stock with an average target price of $343.4.
- An analyst at Baird has decided to maintain an Outperform rating on the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), which currently sits at a price target of $320.
- Consistent with their assessment, a TD Cowen analyst maintains an Outperform rating on iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) with a price target of $355.
- Consistent with their assessment, a TD Cowen analyst maintains an Outperform rating on iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) with a price target of $410.
- An analyst at Truist Securities insists on a Hold rating on the iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist), maintaining a $292 price target.
- An analyst at Bernstein downgraded its stock to Outperform with a $340 price target.
Options trading involves higher risks but also offers the potential for higher profits. More experienced traders mitigate these risks through ongoing education, strategic trading adjustments, use of various indicators, and compliance with market dynamics. Stay on top of the latest options trades for iShares Fallen Angels High Yield Corp Bond UCITS ETF USD (Dist) with Benzinga Pro for real-time alerts.